Mr. David Mitchell reports

AMERICAN ATOMICS UPDATES PRIVATE PLACEMENT

American Atomics Inc. has provided an update to the non-brokered private placement of up to two million common shares of the company previously announced on Feb. 6, 2026.

The company wishes to announce the offering will be an offering of units of the company, with each unit consisting of one share and one-half of one share purchase warrant. Each warrant will be exercisable to acquire an additional share at a price of 35 cents per warrant share for a period ending 24 months after issuance. The size of the offering is expected to remain at two million units at a price of 25 cents per unit for gross proceeds of $500,000.

The company intends to use the net proceeds from the offering to support a transaction with Big Indian Prospectors LLC, as announced on Oct. 27, 2025, working capital, and general and administrative expenses. Units issued in the offering will be subject to a four-month hold period in accordance with applicable securities laws, which will expire four months and one day from the date of closing of the offering.

The company may pay finders' fees on the offering in accordance with the policies of the Canadian Securities Exchange.

About American Atomics Inc.

American Atomics intends to develop a vertically integrated uranium supply chain across North America -- from exploration and extraction to refinement, conversion and enrichment. Its project portfolio reflects this full-cycle vision, blending near-term production assets with long-term infrastructure buildout.

We seek Safe Harbor.